{ ■REAL ESTATE Ralph Lauren moving to LIC Polo Ralph Lauren will be the newest tenant at The Factory in Long Island City, according to a published report. The company is leasing a 19,105-square-foot space at 30-30 47th Ave., a 1.1-million-square-foot building that, in 1926, acted as a furniture warehouse for Macy’s, according to its website. Polo Ralph Lauren signed the nine-year lease to house a photo studio for its products. The Factory features 12-foot ceilings, work-ready lofts, outdoor event space and a private roof deck. A lounge and food marketplace was also recently unveiled at the 10-story building. Currently, the building houses Macy’s photo studios, construction company TEI Group and data analysis company Applied Research & Consulting. The owners, Atlas Capital Group, Square Mile Capital Management and Invesco Real Estate, bought the property in 2014 and completely renovated it with “a design plan that celebrates an active and collaborative work environment,” according to a brochure. The deal was first reported by the Commercial Observer. Brokers for the deal did not respond to initial requests for comment. Astoria house sells for record-breaking $2M A two-family house was sold for $2 million, a record price for the area, according to NY Space Finders. The house, located at 48-07 21st Ave., was sold on Feb. 1 by real estate broker Luca DiCiero at a markedly higher price than other Astoria homes in the last three years. “This was a unique house, tailor-made for an owner occupier and is not your typical two-family house. I think this is only the beginning of the high-end Astoria market,” DiCiero said. “I started with luxury apartments and now townhouses are what’s popular. I was born and raised in the Astoria and I’m always excited for what’s to come.” On average, other one-, two- and three-family homes in the area have been sold for about $1,200,000. Previously, the largest sale of a two-family home in Astoria was made for $1,359,000, according to the real estate firm. The two-family luxury home includes a ground floor and basement with amenities such as a home theater with a 110-inch television screen, a custom bar and pool table and laundry room. The second floor houses three bedrooms, two bathrooms and access to the front patio. The house is also equipped with a free-standing Jacuzzi, a chef’s eat-in kitchen with an island breakfast bar, stainless steel appliances and a touchscreen security system. By Angela Matua
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